DEX : what features you want in it

[Stedsm]

I believe the fees are quite high at some major DEXs, so they should better focus on reducing their fees. I know that fee is probably the only thing that helps them run their website over the network but when most DEXs are based on ERC-20 based tokens, I urge them to try to bring a scalable solution first in order to let their users trade with least stress about fee. Would also love to see some more volume and liquidity over DEXs.

[1715218351]

1715218351

[1715218351]

1715218351

[1715218351]

1715218351

[el kaka22]

I understand that having a lot of coins could be great for the DEX but if you ask me that brings both a positive and a negative which I am not sure if that is a good thing. For example if you have a ton of coins, like lets say you have like 500 coins all on your dex, that is great, because there is someone who wants to trade that coin no matter how little a coin is which is why I believe adding as much as coin would be great.

However the bad part about it is the fact that when you do add that much coin and nobody shows any interest to some, you are basically creating something that is not really good in marketing, think about having a website that has basically no volume at all, why would anyone want to use that? So in the end it is both positive but also negative.

[FanEagle]

I do not think that it is totally marketing, he doesn't have to say it as long as he spends millions of dollars on marketing he could always get people to use his dex, I believe there is a bit of truth in it. This doesn't mean he is right, he could be very well wrong too and that means he is supporting something that will not be big, maybe dex will be forgotten and everything will go back to being cex in the end, but that doesn't mean we can argue what he believes in.

He could believe in whatever he wants that will be great in the future, maybe that is dex, maybe it is cex, maybe something we do not even have right now. CZ is not god in crypto world, he is a super rich dude but he is a CEO in the end and we shouldn't take what he says as the bible and believe him right away, he could be wrong as much as you and I can be.

[TheUltraElite]

But, as I said at first, that’s because they are decentralized. By being decentralized they can only offer you with basic functions and nothing more, unlike CEXs that will offer margin trading and even allow you to make a deposit of fiat. It’s all with time, things will improve.

I dont think that is possible without converting themselves to a CEX or a semi-DEX/CEX hybrid. If that is even a thing (?)

The CEXs that operate have licenses. I am not sure what DEXs have in its place or have anything at all. Probably giving a middle finger show to the authorities but we also have to observe that DEXs are also getting the scorn of the authorities for such actions. Point is CEXs will survive and less likely to be running a scam in the long run. There are exceptions too but lets focus on what is important. On the other hand DEXs might very well scam its users one fine day and the authorities cant do anything about it. They are anonymous and team being unknown, very less likely that a user would be able to recover their funds lost on a DEX scam.

[3meek]

Yesterday I found the news that my favorite project Komodo will going to implement geoblocking! For me it was a shock! The real DEX should not have any restrictions!

[bittraffic]

For an orderbook type of DEX, I'd like to see them have the option to deposit USDT of any platform like TRC and ERC. I think more of the traders are going to be shifting to DEX and transfering stablecoins going to the DEX are some of us that thought would be difficult. DEX that is base on EOS platform should have the crosschain bad bridges for all the stablecoin and so should the TRC DEX.

Yesterday I found the news that my favorite project Komodo will going to implement geoblocking! For me it was a shock! The real DEX should not have any restrictions!

That's very unexpected for a DEX, it would just mean they are only storing geodata and unlikely a DEX.

[stomachgrowls]

I do not think that it is totally marketing, he doesn't have to say it as long as he spends millions of dollars on marketing he could always get people to use his dex, I believe there is a bit of truth in it. This doesn't mean he is right, he could be very well wrong too and that means he is supporting something that will not be big, maybe dex will be forgotten and everything will go back to being cex in the end, but that doesn't mean we can argue what he believes in.

He could believe in whatever he wants that will be great in the future, maybe that is dex, maybe it is cex, maybe something we do not even have right now. CZ is not god in crypto world, he is a super rich dude but he is a CEO in the end and we shouldn't take what he says as the bible and believe him right away, he could be wrong as much as you and I can be.

Its not really part of my vocabulary on taking such steps just because some famous or known person do make out suggestions or recommendations towards his views on a certain thing.

There no indeed a God on crypto world that would able to know everything on what would be the possible movements yet i do always consider in shilling it out instead.

For marketing then yes, it do really plays a great role on one success but to know that there are several factors which are mainly needed to get some recognition.

In talks about DEX, on what features we do want? current Dex already had but still liquidity or volume still cant able to reach on what CEX achieved.

[barbara44]

I do not think that it is totally marketing, he doesn't have to say it as long as he spends millions of dollars on marketing he could always get people to use his dex, I believe there is a bit of truth in it. This doesn't mean he is right, he could be very well wrong too and that means he is supporting something that will not be big, maybe dex will be forgotten and everything will go back to being cex in the end, but that doesn't mean we can argue what he believes in.

He could believe in whatever he wants that will be great in the future, maybe that is dex, maybe it is cex, maybe something we do not even have right now. CZ is not god in crypto world, he is a super rich dude but he is a CEO in the end and we shouldn't take what he says as the bible and believe him right away, he could be wrong as much as you and I can be.

That is more about marketing and this is one of the reasons why I do not believe dex are truly decentralized.
If you have a lot of coins or just a few coins, it doesn't matter because what you need is users and if you do not have users how do you get users? You do marketing and in order to do marketing what do you need? You need money and who needs to spend that money? The team that built it, which means the team that built it still works on the project.

Even if a single line of code is added or removed from DEX that means I am no longer interested and it is not decentralized enough for me. It has to be a project that is done and sent to world and after that we just need to make sure that nobody touches it but the public that could change it whenever they want but it has to be coming from users.

[3meek]

Also for DEX a mandatory condition, in my opinion, should be the absence of KYC and AML! A decentralizacion is built on trust and responsibility for actions, and verification is, first of all, a violation of the postulates of the crypto community!